Maine PERS backs AG’s third direct lending fund, as pensions pile into private credit


Andrew Sawyer, Maine PERS
Andrew Sawyer, Chief Investment Officer, Maine PERS
Maine PERS
  • AUM:$14.3 billion
  • Target allocation to PE/Growth Opportunities: 15 percent
  • Actual allocation to PE/Growth Opportunities: 13.2 percent
  • Key advisers/consultants: Berry Dunn
  • Whom to contact for a meeting: Andrew Sawyer ([email protected])
  • Why this is important: Maine PERS is the latest in a string of pensions to make a significant push toward direct lending funds.
Maine Public Employees Retirement System has significantly increased its asset allocation to alternative credit after approving a commitment of $100 million to Angelo, Gordon & Co’s AG Direct Lending Fund III LP. Having set an asset allocation target of 5 ...

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